State Farmer Delivers Solid Half-Year Result
State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
The first signs have already come from State Owned Enterprises Minister Paul Goldsmith who has said that he is “not happy” with its performance.
Goldsmith’s comments follow the state farmer’s measly half year result in 2023 of $3 million – down from $15 million for the 2022 half year. The minister says he expects SOEs to operate as efficiently and profitably as similar businesses not owned by the Crown.
“I am not yet satisfied that Pāmu is achieving this and I expect it to take steps to improve.”
Goldsmith could start by clearing out all the woke political appointments made to Landcorp’s board by the previous administration and put in place some hard-nosed business types who demand results and not feelgood claptrap from the SOE!
